TD Securities Raises Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$180.00

Key Points

• TD Securities has raised the price target for Bombardier, Inc. Class B stock from C$173.00 to C$180.00, indicating a potential upside of 10.03% from its current price.
• Other analysts like BMO Capital Markets and Desjardins have also increased their price targets for the stock, reflecting a growing consensus among analysts for a positive outlook.
• As of now, Bombardier, Inc. Class B faces mixed ratings with three analysts maintaining a "hold" rating while eight have given a "buy" rating, contributing to a consensus rating of "Moderate Buy."

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price target increased by equities research analysts at TD Securities from C$173.00 to C$180.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a "hold" rating on the stock. TD Securities' target price indicates a potential upside of 10.03% from the stock's current price.

BBD.B has been the topic of several other reports. BMO Capital Markets lifted their target price on Bombardier, Inc. Class B from C$150.00 to C$185.00 in a report on Monday, July 21st. JPMorgan Chase & Co. lifted their price objective on Bombardier, Inc. Class B from C$100.00 to C$135.00 in a research note on Wednesday, July 16th. Desjardins raised their target price on shares of Bombardier, Inc. Class B from C$175.00 to C$186.00 and gave the company a "buy" rating in a report on Friday. CIBC upped their price target on shares of Bombardier, Inc. Class B from C$167.00 to C$181.00 in a research note on Monday, July 21st. Finally, Citigroup lifted their price objective on shares of Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$175.82.

Bombardier, Inc. Class B Stock Up 1.3%

BBD.B stock traded up C$2.02 during trading on Friday, reaching C$163.59. The company's stock had a trading volume of 283,150 shares, compared to its average volume of 564,103. The company's fifty day moving average is C$128.17 and its 200-day moving average is C$100.23. The company has a market capitalization of C$14.15 billion, a P/E ratio of 42.38, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 1 year low of C$71.79 and a 1 year high of C$169.68.

Insider Buying and Selling

In other news, Senior Officer Daniel Brennan sold 11,206 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of C$92.00, for a total value of C$1,030,952.00. Also, Senior Officer Paul Sislian sold 9,300 shares of Bombardier, Inc. Class B stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of C$105.28, for a total transaction of C$979,066.80. Insiders have sold a total of 124,838 shares of company stock worth $12,420,520 over the last ninety days. Corporate insiders own 1.66% of the company's stock.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.

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